Dicks Sporting Goods (DKS) Stock Rating Reaffirmed by Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of Dicks Sporting Goods (NYSE:DKS) in a research report sent to investors on Thursday. The brokerage currently has a $28.00 price target on the sporting goods retailer’s stock.

Several other research firms have also issued reports on DKS. Citigroup lowered shares of Dicks Sporting Goods from a buy rating to a neutral rating and set a $30.00 target price for the company. in a report on Wednesday, August 16th. Wells Fargo & Company set a $29.00 target price on shares of Dicks Sporting Goods and gave the stock a hold rating in a report on Wednesday, October 11th. Oppenheimer reissued a hold rating on shares of Dicks Sporting Goods in a report on Thursday, August 24th. Monness Crespi & Hardt lowered shares of Dicks Sporting Goods from a buy rating to a neutral rating in a report on Wednesday, August 16th. Finally, BMO Capital Markets dropped their price target on Dicks Sporting Goods from $37.00 to $32.00 and set an outperform rating for the company in a research note on Wednesday, November 15th. Two investment analysts have rated the stock with a sell rating, twenty-six have given a hold rating and six have issued a buy rating to the company. Dicks Sporting Goods has a consensus rating of Hold and an average target price of $32.00.

Shares of Dicks Sporting Goods (DKS) opened at $28.95 on Thursday. The stock has a market cap of $3,108.78, a P/E ratio of 9.28, a P/E/G ratio of 1.58 and a beta of 0.57. Dicks Sporting Goods has a fifty-two week low of $23.88 and a fifty-two week high of $59.63. The company has a quick ratio of 0.25, a current ratio of 1.61 and a debt-to-equity ratio of 0.28.

Dicks Sporting Goods (NYSE:DKS) last released its earnings results on Tuesday, November 14th. The sporting goods retailer reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.04. The company had revenue of $1.94 billion during the quarter, compared to analyst estimates of $1.90 billion. Dicks Sporting Goods had a net margin of 3.54% and a return on equity of 17.95%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.48 EPS. analysts predict that Dicks Sporting Goods will post 2.97 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 29th. Stockholders of record on Friday, December 8th will be given a dividend of $0.17 per share. The ex-dividend date is Thursday, December 7th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.35%. Dicks Sporting Goods’s dividend payout ratio is currently 25.09%.

Several hedge funds and other institutional investors have recently bought and sold shares of DKS. TIAA CREF Investment Management LLC lifted its position in Dicks Sporting Goods by 263.8% in the second quarter. TIAA CREF Investment Management LLC now owns 5,634,221 shares of the sporting goods retailer’s stock worth $224,411,000 after buying an additional 4,085,414 shares during the last quarter. Okumus Fund Management Ltd. bought a new stake in Dicks Sporting Goods in the third quarter worth $46,406,000. Northern Trust Corp lifted its position in Dicks Sporting Goods by 54.6% in the second quarter. Northern Trust Corp now owns 3,791,180 shares of the sporting goods retailer’s stock worth $151,003,000 after buying an additional 1,339,379 shares during the last quarter. Prudential Financial Inc. lifted its position in Dicks Sporting Goods by 316.5% in the third quarter. Prudential Financial Inc. now owns 1,158,619 shares of the sporting goods retailer’s stock worth $31,295,000 after buying an additional 880,464 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Dicks Sporting Goods by 58.9% in the third quarter. Dimensional Fund Advisors LP now owns 1,717,065 shares of the sporting goods retailer’s stock worth $46,379,000 after buying an additional 636,186 shares during the last quarter. Hedge funds and other institutional investors own 72.96% of the company’s stock.

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About Dicks Sporting Goods

Dick’s Sporting Goods, Inc is an omni-channel sporting goods retailer offering an assortment of sports equipment, apparel, footwear and accessories in its specialty retail stores primarily in the eastern United States. The Company also owns and operates Golf Galaxy, Field & Stream and other specialty concept stores, and Dick’s Team Sports HQ, an all-in-one youth sports digital platform offering free league management services, mobile applications for scheduling, communications and live scorekeeping, custom uniforms and FanWear and access to donations and sponsorships.

Analyst Recommendations for Dicks Sporting Goods (NYSE:DKS)

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